Shinhan Vietnam Joint Stock Commercial Bank (Shinhan Bank) inked a strategic collaboration with Nguyen Hoang Group (NHG), an educational company in Vietnam, on May 11 to offer an interest-free tuition fee financing programme.
Shinhan Bank Vietnam is set to roll out an alluring tuition fee financing scheme with a favourable interest rate of 0 per cent, specifically designed for parents whose children are enrolled in NHG-affiliated educational institutions.
The offering aims not only to provide financial support, but also to pave the way for future credit facilities dedicated to infrastructure development and teaching equipment procurement within the NHG educational network.
With an impressive track record spanning 23 years, NHG has solidified its position as a premier provider of private education services in Vietnam.
Guided by a steadfast commitment to placing human development at the core of their endeavours, NHG has painstakingly cultivated a comprehensive educational ecosystem that spans from early childhood to advanced doctoral programmes. Their innovative approach encompasses various models of international integration, bilingualism, and a wholly immersive educational experience.
This transformative collaboration with NHG is testament to Shinhan Bank's desire to advance the field of education through strategic partnerships with leading universities and esteemed school networks across Vietnam. By equipping parents with a secure foundation to meet the ever-increasing demands of their children's studies, Shinhan Bank plays a pivotal role in shaping the trajectory of the nation's educational landscape.
Lee Han Byeol, deputy general director of Shinhan Vietnam Bank, shared his insights into this momentous development, "This opportunity enables us to refine and augment our banking ecosystem, thereby optimising our suite of products and services to unrivalled levels of excellence."
"Moreover, as educational institutions increasingly embrace digital financial services, particularly those offered by distinguished commercial banks such as Shinhan Bank, the propagation of financial literacy and the paradigm shift towards cashless transactions will experience an exponential surge. This, in turn, will fuel the rapid growth of digital banking, ushering in unparalleled convenience, enhanced security, and added peace of mind for parents and students alike," added Byeol.
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